The Treasury Department said it will raise $6.5 billion in new cash with its November quarterly refunding, selling $63.5 billion: $30 billion 3-year notes on November 12, $24 billion in 10-year notes on November 13 and $16 billion in 30-year bonds on November 14.
All these issues settle on November 15.
Treasury said gradual reductions in 2- and 3-year coupon auctions, from a decreased budget deficit, "has incrementally reduced annual borrowing capacity by $60 billion."
Coupon issuance sizes should remain at current levels in the quarter, Treasury said.
Treasury said it plans to detail the first floating rate notes on January 23, 2014, with the auction being held on January 29, 2014. It will have a two-year maturity and between $10 billion and $15 billion will be sold.